PAR 34: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
PAR 34
Largest movements
- Tangible fixed assets -€9,127
down €9,127 (-7.0%), from €129,621 to €120,495
of which Land and buildings: -€5,922
- Cash -€3,022
down €3,022 (-55.9%), from €5,405 to €2,383
mainly Net result for the year (-€7,494) and Debts after one year (-€7,352)
- Receivables within one year +€2,716
up €2,716 (+130.4%), from €2,084 to €4,800
of which Other amounts receivable: +€1,503
- Other debts +€10,659
up €10,659 (+10289.6%), from €104 to €10,763
- Profit (loss) carried forward -€7,494
down €7,494 (-91.6%), from €8,180 to €686
- Debts after one year -€7,352
down €7,352 (-7.7%), from €95,595 to €88,243
- Tax, wage and social debts -€4,004
down €4,004 (-82.8%), from €4,838 to €834
- Other operating charges +€5,316
up €5,316 (+473.1%), from €1,124 to €6,440
- Taxes -€821
down €821 (-88.9%), from €924 to €103
- Gross operating margin +€677
up €677 (+5.9%), from €11,506 to €12,183
- Financial charges +€486
up €486 (+13.8%), from €3,527 to €4,013
- Depreciation +€242
up €242 (+2.7%), from €8,885 to €9,127
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €137,395 | €127,743 | -€9,652 | -7.0% |
| Fixed assets | 21/28 | €129,687 | €120,560 | -€9,127 | -7.0% |
| Tangible fixed assets | 22/27 | €129,621 | €120,495 | -€9,127 | -7.0% |
| Land and buildings | 22 | €123,193 | €117,271 | -€5,922 | -4.8% |
| Plant, machinery and equipment | 23 | €4,170 | €1,761 | -€2,408 | -57.8% |
| Furniture and vehicles | 24 | €2,259 | €1,462 | -€797 | -35.3% |
| Financial fixed assets | 28 | €65 | €65 | = | 0.0% |
| Current assets | 29/58 | €7,708 | €7,183 | -€526 | -6.8% |
| Amounts receivable within one year | 40/41 | €2,084 | €4,800 | +€2,716 | +130.4% |
| Trade receivables | 40 | €1,184 | €2,396 | +€1,213 | +102.5% |
| Other amounts receivable | 41 | €900 | €2,403 | +€1,503 | +167.0% |
| Cash at bank and in hand | 54/58 | €5,405 | €2,383 | -€3,022 | -55.9% |
| Deferred charges and accrued income | 490/1 | €220 | - | -€220 | |
| Total equity and liabilities | 10/49 | €137,395 | €127,743 | -€9,652 | -7.0% |
| Equity | 10/15 | €27,281 | €19,787 | -€7,494 | -27.5% |
| Contributions | 10/11 | €6,101 | €6,101 | = | 0.0% |
| Reserves | 13 | €13,000 | €13,000 | = | 0.0% |
| Distributable reserves | 133 | €13,000 | €13,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,180 | €686 | -€7,494 | -91.6% |
| Amounts payable | 17/49 | €110,114 | €107,956 | -€2,158 | -2.0% |
| Amounts payable after more than one year | 17 | €95,595 | €88,243 | -€7,352 | -7.7% |
| Financial debts | 170/4 | €95,595 | €88,243 | -€7,352 | -7.7% |
| Amounts payable within one year | 42/48 | €14,519 | €19,713 | +€5,194 | +35.8% |
| Current portion of amounts payable after more than one year | 42 | €7,741 | €7,352 | -€388 | -5.0% |
| Trade debts | 44 | €1,836 | €764 | -€1,072 | -58.4% |
| Suppliers | 440/4 | €1,836 | €764 | -€1,072 | -58.4% |
| Taxes, remuneration and social security | 45 | €4,838 | €834 | -€4,004 | -82.8% |
| Taxes | 450/3 | €4,838 | €834 | -€4,004 | -82.8% |
| Other amounts payable | 47/48 | €104 | €10,763 | +€10,659 | +10289.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,885 | €9,127 | +€242 | +2.7% |
| Other operating charges | 640/8 | €1,124 | €6,440 | +€5,316 | +473.1% |
| Gross operating margin | 9900 | €11,506 | €12,183 | +€677 | +5.9% |
| Operating profit (loss) | 9901 | €1,497 | -€3,384 | -€4,881 | |
| Financial income | 75/76B | €4 | €5 | +€2 | +44.8% |
| Recurring financial income | 75 | €4 | €5 | +€2 | +44.8% |
| Financial charges | 65/66B | €3,527 | €4,013 | +€486 | +13.8% |
| Recurring financial charges | 65 | €3,527 | €4,013 | +€486 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,026 | -€7,391 | -€5,365 | -264.7% |
| Income taxes | 67/77 | €924 | €103 | -€821 | -88.9% |
| Profit (loss) for the period | 9904 | -€2,950 | -€7,494 | -€4,544 | -154.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,950 | -€7,494 | -€4,544 | -154.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.